Tullow Oil Share Discussion Threads

[jimarilo] 14/8/2019 15:33

Indeed and I am correct Exxon and partners are about to do just that with the Maersk Viking

[subsurface] 14/8/2019 14:28

Mr Hangman ,
Exxon And Total have the very best equipment let them de risk first.

[jimarilo] 14/8/2019 13:01

xxnjr14 Aug '19 - 10:58 - 34684 of 34688
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The above is the most up to date map, but doesn't show the newest blocks acquired by Exxon 1710a&b, 1711, 1810 and 1811a&b and TRP 1910A, 1911 and 1912B

Once you fill these blocks in it shows all the prime blocks have been taken, farm out or buy out is the only other way in

[xxnjr] 14/8/2019 12:54

$2m for squatters rights
then $5m on a Production License
then $5m on production of hydrocarbons.

[fraserdean] 14/8/2019 12:19

Total drilling Namibia's biggest in Q4, Venus. Shell to the east and Calima to the north, oddly Tullow took over the Calima block a few months ago.

[xxnjr] 14/8/2019 11:41

Very good information! thank you Billy_Buffin.

Bourbon Calm ---->REXL II ETA: 2019-08-14 10:00 (+4 hrs time difference?) Must be going here somewhere SE

[starpukka] 14/8/2019 11:22

Thanks mr hangman,

[billy_buffin] 14/8/2019 11:11

No movement from Stena Forth as yet.

Here's hoping Repsol make a success of it too:
Kanuku well 'Carapa' prospect, TLW 37.5%

Ensco/Rowan the rig owner have changed their company name to "Valaris plc"
Carapa jack up rig name was Rowan EXL 2 (Still works on MarineTraffic although shows 'not found') suspect not broadcasting ais.
Rig name now: Valaris JU-144 (Valaris EXL II) says Valaris Fleet Status pdf.

Rig is currently contracted to BP-Trinidad. Commenced April 18 to August 19th Finish.
Guyana Repsol Contract starts Sept 19 to Oct 19, One Well.

Just found the 'Bourbon Calm' top of Trinidad bound to R(Rowan)EXL II

[mr hangman] 14/8/2019 10:53

ECO,GBP,CHAR,TRP to name a few

[starpukka] 14/8/2019 10:48

What smaller mcap companies have a share in the Namibia project ?

[xxnjr] 14/8/2019 10:22

Potentially big apparently. But let's see if anyone finds any commercial volumes of HC's in Namibia before getting too excited.

[mr hangman] 14/8/2019 10:12

Any views on Namibia guys ?

[xxnjr] 14/8/2019 10:08

It's a good question you have raised SS. Exxon will be producing >750K bopd in the not too distant future. What will they do with the associated gas?

[subsurface] 14/8/2019 10:05

Hi Billy,
Sounds similar to what we used to do years ago in Qatar Knock out the liquids and send the gas via the Government gas line to the power station,cement factory and ammonia plants,liquids sent to Umm Said for Fractionation.

[subsurface] 14/8/2019 09:53

Thanks xx just trying to think through what might hold us up remember in Ghana we were restricted until Gas export pipeline was completed



As you say population is low,interesting to see what Exxon do.

[billy_buffin] 14/8/2019 09:53

Hi ss conundrum without all the facts.

Locally could work and follow pattern of Jubilee but not the same mistakes especially onshore facility must be ready to process gas before offshore startup etc.

Export say 100-200 mmscf/d for ccgt power station via a pipeline to shore. Process plant onshore could also extract to market C3+ Propane Butane etc. Probably good local market for Propane. Offshore any knocked out gas condensate be spiked into the crude export (raise api) facility or sent ashore. 2nd hp compressor like Jubilee for any gas re-injection, no flaring.

[xxnjr] 14/8/2019 08:56

SS - The Gas oil ratio in Jubilee may help, until more data released on Jethro.
[I think the 'canje' source rock in Guyana is same age as Ghana, although in Jethro the HC's have ended up in a younger trapping mechanism]



"By the end of October 2011 the field had produced over 20 MMSTB of oil and field production and injection rates had reached approximately 80 MSTB/d of oil, 200 MSTB/d of water injection, and 95 MMscf/d of produced gas injection."

Since then GOR has increased. We know that today 100,000 bbls of Jubilee oil produces about 165 MMscf/d. Some consumed on FPSO, some re-injected, some sent to Ghana.

[jimarilo] 14/8/2019 08:46

Maersk Viking has arrived in Walvis Bay, Seapulse/Maersk due to drill two wells this year and one early next year

Recent Azinam presentation indicates PEL44x2 and PEL30x1

[xxnjr] 14/8/2019 08:27

Population of Guyana about 800,000, Suriname about 600,000 and French Guyane 300,000. Not much local demand. Nearest sizeable market NE Brazil. Would need an on shore pipeline. Brazil has a lot of associated gas in the South East (>3 hrs away in a 737) so supplying the NE from local market may make sense. After that you would need >10 TCF for LNG. No quick solutions then.

[subsurface] 14/8/2019 07:55

Hi Billy, Any idea what the plan is for the Gas? If Tullow decide to fast track they will need something in place, further down the line.

[billy_buffin] 14/8/2019 07:46

WoodMackenzie estimated that Liza, along with smaller discoveries at the Payara and Snoek prospects could hold as much as 3 trillion cubic feet of gas.

More like it

[billy_buffin] 14/8/2019 07:13

Believe that gas figure mmscfd way out and hardly enough to run xom utilities let alone worth a pipeline

2000, the U.S. Geological Survey (USGS) identified the Guyana-Suriname Basin as having the second highest resource potential among unexplored oil basins in the world and estimated the mean recoverable oil and gas reserves at more than 13.6 billion barrels of oil and 32 trillion cubic feet of gas

Edit: unable find true reserves as yet

[subsurface] 14/8/2019 04:45

Thanks for the Slides xx
Slide 4 very interesting shows the prospects on the Kanuku block Repsol have not said very much as far as can see they only said that they are drilling the Cretaceous play in the last presentation.
Kanuku is a commitment well.

From 2018 Tullow report

In Tullow’s half-year results issued on July 25, the company reported that it continues to conduct technical and commercial ranking of potential prospects in Orinduik and in another offshore Guyana license: Repsol-operated Kanuku. Earlier this year, Tullow increased its interest in Kanuku from 30 to 37.5 percent.

So they must like what they see.

I have been looking at Gas, Exxon will have to take a lead ,Electrical infrastructure not good and the Government don.t want to flare. 124 km to shore and first FPSO due to start 2020 they will re inject and use some on the FPSO. don,t know what plans they have?

From 2018

Accordingly, I wish to reiterate that Guyana will not make use of gas flaring.”




When Tullow get involved Take or Pay!

[subsurface] 14/8/2019 03:37

Uganda NOC new Boss,



Kenya


I wonder if they will look at Onshore? Tullow needs a farm down.

Oil price
Looks like Trump is in charge controlling the price by blowing hot and cold on trade agreements mitigating problems from Iran.

Saudi need $85 and the Oil industry needs $80 so they can invest, The Saudi IPO is back on for 2020